KDAQ Repairs:

4:18am

Tue April 24, 2012
Business

Bribery Accusations Hurt Wal-Mart's Stock Price

Originally published on Tue April 24, 2012 5:41 am

Wal-Mart could face significant legal liability following a report accusing the company of systematic bribery in Mexico. A report in The New York Times claims Wal-Mart officials in Mexico paid more than $20 million in bribes to help the company open more stores there. The story also says top Wal-Mart executives in the U.S. looked the other way. The company's stock price fell nearly 5 percent Monday.

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